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Nigerian National Petroleum Corporation (NNPC)

Nigeria loses $48 million to oil theft between January to June

This was revealed by the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who spoke in Abuja, saying the Federal Government requires $2billion to replace obsolete pipelines from Excravos to Kaduna.
Mele Kyari,

Daily fuel consumption unknown – NNPC chief

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being consumed in the country per day.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 3

Senate, NNPC clash over crude oil production cost

The Senate Committee on Finance on Monday rejected the revenue targets projected for the various revenue-generating agencies in the country to fund the Revised 2020 Budget, describing their proposed sums as grossly inadequate.
The Senate has described as “erroneous” report that it approved fresh loan of N850 billion at the plenary on Tuesday.

Senate calls for quick diversification of economy, frowns against high cost of oil production

The upper chamber of the National Assembly has called on the federal government to quickly diversify the economy, following the high cost of oil production without commensurate result.
Nigerian National Petroleum Corporation (NNPC)

NNPC explains parameters for employment, career progression

The Nigerian National Petroleum Corporation (NNPC) has explained the parametres for employment as well as career progression in the corporation, using the recently concluded Graduate Trainee employment process as well as top Management promotion exercise executed by the corporation as an illustration.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

Coronavirus: Deeper trouble awaits Nigeria if… – Senator Lawan

President of the Senate, Senator Ahmad Lawan, warned Tuesday that following the impact of the ravaging Coronavirus on the economy, Nigeria will be in deeper trouble if as a country, we are not ingenious enough.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate wants 2020 budget reviewed as oil prices crash amidst coronavirus outbreak

The Senate, on Tuesday, said the review of the 2020 budget passed by the National Assembly has become inevitable as a result of tumbling oil prices amidst the coronavirus outbreak.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate constitutes joint committee to engage executive on oil price crash

President of the Senate, Ahmad Lawan, on Tuesday announced the constitution of a Joint Committee to engage the Executive arm of government on measures to be taken to insulate the Nigerian economy against the impact of the sudden crash of crude oil price globally.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Oil price: Senate sets up joint committee over 2020 budget

The Senate on Tuesday constituted a joint committee to liaise with the Executive over the dwindling international oil price as it affects the implementation of the 2020 Appropriation Act.
Senator Ahmed Ibrahim Lawan

Senate probes poor state of refineries

Consequently, the Senate mandated its Committees on Petroleum Resources Downstream, Upstream and Gas Resources to urgently carry out a holistic investigation into the matter, with a view to finding a lasting solution to the problem.
Nigerian National Petroleum Corporation (NNPC)

NNPC set to take measures to curb oil theft

The Nigerian National Petroleum Corporation (NNPC), says it is taking measures to address the menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas industry.
President Muhammadu Buhari Monday in London signed the amended Deep Offshore Act.

PDP senator hails President Buhari for signing PSC amendment bill into law

Chairman, Senate Committee on Petroleum Resources, Upstream, Senator Bassey Albert Akpan, Peoples Democratic Party, PDP, Akwa Ibom North East, has hailed President Muhammadu Buhari for signing the Deep Offshore and Inland Basin Production Sharing Contract Amendment Act into law.

NNPC: 14 companies bid for OML 119 redevelopment financing

The Nigerian National Petroleum Corporation (NNPC) says it has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119.

Oando’s chairman, secretary, general manager receive prestigious recognitions

In addition to recording a profit in its Q3 financials in Ocotober, Oando’s management has received recognition from various reputable institutions in the country.
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

Subsidy to stay in 2020 – minister

The Minister of State, Petroleum Resources, Timipre Sylva, has said the country cannot stop the payment of petroleum subsidy.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Dwindling oil reserves blamed on none passage of PIB

The Minister of State for Petroleum, Timpre Sylva, Monday blamed the dwindling oil reserves on none passage of Petroleum Industry Bill (PIB).
Nigerian National Petroleum Corporation (NNPC)

NNPC redeploys NPDC staff to meet reserve target

The Nigerian National Petroleum Corporation (NNPC) has clarified the redeployment of 12 management staff of its flagship upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).
Nigerian National Petroleum Corporation (NNPC)

NNPC urges the public to ignore antics of fraudster in social media

The Nigerian National Petroleum Corporation (NNPC) on Saturday, alerted the public on the existence of a trending fake Linkedin profile of its Chief Operating Officer, Upstream, Mr. Roland Ewubare, presenting him as the Group Managing Director of the Corporation.

Recent Stories

FCTA approves N474 million pension for 85 retirees, dead workers

The Federal Capital Territory Administration (FCTA) has approved N474 million as pension for 85 retired and deceased officers of Area Councils and Local Education Authorities (LEAs).
Antoine Griezmann was limited to a brief cameo on Tuesday as Barcelona and Atlético Madrid battled to a 2-2 draw in a match that could prove vital to the LaLiga title race.

Antoine Griezmann ‘a caricature of himself’ in toxic Barcelona environment – former coach

Antoine Griezmann has become "a caricature of himself" at Barcelona, where his former Real Sociedad boss, Martin Lasarte, feels a toxic environment is taking its toll.
The Federal High Court Abuja has affirmed that Engr. Ibrahim Shehu-Gusau remains the president of the Athletics Federation of Nigeria (AFN) while sacking the board led by Olamide George.

Sunday Adeleye reacts as court reinstates Ibrahim Gusau as AFN president

Sunday Adeleye, the Technical Director of AFN has reacted to the court verdict that sacked Hon Olamide George and reinstated Ibrahim Gusau as the AFN President.
Family members of a missing 22- year- old man, Arinze Obiukwu, are asking the Rivers State Police Command to put pressure on a local vigilance group popularly known as OSPAC in Elele Ikwerre Local Government Area to produce him dead or alive.

Family indicts vigilance group over missing man in Rivers

Family members of a missing 22-year-old man, Arinze Obiukwu, are asking the Rivers State Police Command to put pressure on a local vigilance group popularly known as OSPAC in Elele Ikwerre Local Government Area to produce him dead or alive.
Frank Lampard looks on during the Premier League match between Everton and Chelsea at Goodison Park. (Photo by Clive Brunskill-Getty Images)

Frank Lampard: West Ham loss shows why we aren’t contenders

The Blues were downed 3-2 by the Premier League relegation battlers, a defeat which meant they missed the chance to moved into third.